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Podcast: The ACID Capitalist Podcast
Episode: China's Zodiac Doomsday Clock
Description: Send us Fan MailEx macro hedge fund manager, Hugh Hendry, again invites his former investment partner, Tom Roderick, to review the global macro landscape. This week Tom discusses his new macro essay, China's Zodiac Doomsday Clock. Hugh becomes nostalgic for March 2009 and his slow train journey to Wuhan which revealed abundant evidence of China's property overbuilding 12 years ago. Tom explains why their China blow-up fund never made them a billion dollars. The answer was written in the stars. China's wise men acknowledged Confucius - wise man's clock is slower. Beijing's bureaucrats socialised risk and relied u...